Rehearing and Rehearing En Banc Denied March 23, 1989.
PATRICK E. HIGGINBOTHAM, Circuit Judge:
In 1982, Hugh Meyer signed an agreement pledging some stock to the First National Bank of Midland. The pledge agreement entitled the bank to a security interest in the dividends upon the stock, but neither the bank nor the FDIC, the bank's successor in interest, registered the pledged shares in the bank's name. As a result, dividends from the pledged stock were delivered...
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